European University Cyprus Accounting program is internationally accredited, providing students with the skills and knowledge required of professionals working in a globalized industry. Students majoring in Accounting at European University Cyprus may obtain exemptions from a number of examinations required to qualify with the following leading UK professional bodies:
The Association of Chartered Certified Accountants (ACCA)
The Institute of Chartered Accountants in England and Wales (ICAEW)
The Association of International Accountants (AIA)
Chartered Institute of Management Accountants (CIMA)
Exemptions from ACCA & ICAEW
Graduates from European University Cyprus Bachelor of Business Administration with specialization in Accounting may be granted exemption for 9 out of the 14 subjects of the ACCA (Association of Certified Chartered Accountants) and for 12 out of the 15 subjects of the ICAEW (Association of Chartered Accountants in England and Wales).
Graduates are exempt up to 12 papers of the Association of International Accountants (AIA) for their professional degrees.
Objectives & Outcomes
General Objectives
to develop the student’s capacity to think, write and speak effectively and creatively
to develop an appreciation of and respect for social, moral, and ethical values as the foundation of one’s relationship to others and one’s responsibilities to community and country;
to develop the student’s analytical, decision-making and communication competencies together with those qualities of self-reliance, responsibility, integrity and self-awareness which will promote personal achievement and contribution to organizations;
to build breadth of perspective through the general education requirements and provide sufficient specialization to meet basic professional and career requirements;
to provide the student with the basic requirements for academic and/or career advancement.
Specific Objectives
To provide students with a foundation in Accounting.
To prepare students for careers in industry, accounting, government and various institutions.
To enable students to respond positively and effectively to the role that the accountant fulfils in the reporting and analysis of financial data.
To center attention on the skills and knowledge required by the profession of Accounting and to help students acquire knowledge and develop skills in a systematic way.
To assist the students in developing leadership capabilities, which can be used in reaching solutions to problems of Accounting.
Learning Outcomes
Demonstrate their ability to communicate effectively in business situations through speaking, writing, and by use of electronic media.
Demonstrate their ability to build teams and work effectively within them.
Demonstrate awareness and capability of analysis of environmental (economic, social, political, legal, and ethical) trends and their impact on individuals and businesses.
Describe the application of manual and computer-based quantitative and qualitative tools and methodologies in identifying and solving problems and making decisions in business situations.
Critically evaluate and apply concepts, techniques, strategies, and theories from any appropriate discipline in business contexts.
Be aware of the regulatory environment and professional bodies that impact the accounting profession
Appreciate and demonstrate the capacity to apply International Standards and practices
Demonstrate the use of current accepted technical language of accounting and accounting practice internationally
Recognize the limitations and uncertainties of practice and alternatives offered, within the discipline of accounting
Understand and apply accepted techniques to the recording of business transactions and the preparation of financial statements
Appraise the performance and financial situation of organizations
Select and apply management accounting techniques to practical situations
Critically evaluate contemporary theories and empirical evidence in accounting
Have the opportunity to complete the degree as part-qualified Chartered Certified Accountants arising from the significantly greater degree recognition/credit afforded to the degree programme by the Institute of Chartered Certified Accountants
Employment Opportunities
Accountant, Auditor, Internal Auditor, Corporate Accountant, Management Consultant, Investment Banker.
Careers & Employment
Description of Profession
A graduate in Accounting usually deals with bookkeeping, payments and payroll, auditing, management, financial planning, cost accounting and consulting services. Graduates in accounting with few years’ experience are able to deal with a company’s financial resources in the capacity of CFO or other similar position. Additionally, the need for specialized knowledge in areas such as pricing, taxation, computerized accounting systems contributes to employability in this occupation.
Job Skills
Strong interpersonal & communication skills
Leadership skills
Teamwork
Software knowledge: SAP, SAGE
Analytical skills, critical thinking
problem-solving skills
Sectors of Employment
Accounting / Auditing
Banking
Construction
Exports
FMCG
Health
Hospitality
Imports
Insurance
Investment
IT
Legal
Manufacturing
Pharmaceutical
Press
Retail
Telecoms
Trading
Government
Hospitals
Political Parties
Trade Unions
Career Options
Accountant
Auditor (Internal/External)
Financial Controller / CFO
Corporate Accountant Management Consultant
Mergers and Acquisitions Consultant
Investment Banker
Tax Officer
Further Studies
ACCA or ACA is required by most Audit Firms. You need to complete 3 years of working experience to become qualified.
An MBA combined with an ACCA or a Bachelor in Accounting will enable you to target Managerial positions related to Accounting
A Ph.D. can add value to the existing degree and can be used as a powerful tool for people who want to have an academic career
EUC Internship Program
The Career Center Internship Program enables third and fourth year students with high academic achievement to work for three months in positions corresponding their studies. The program enriches the curriculum of each participant, after acquiring work experience and a Personal Assessment report of the company the internee was placed. Some of the companies that recruited accounting students are:
Abacus Ltd
AC Nielsen
Airtrans Group Ltd
Alico AIG Life
Antony Ashioties & Co
Aspen Trust
Atlantis Consulting
BKR Damianou & Partners
Carob Mill Ltd
Cyprus Trading Corporation Limited
Ernst & Young (Cyprus)
FBME BANK LTD (Federal Bank of the Middle East Ltd)
Infocredit Group
Island Oil Ltd
John Georgiades & Co
KPMG Metaxas, Loizides, Syrimis
Lanitis E.C. Holdings Ltd
Lanitis Freen Energy Group Ltd
Liberty Life Insurance Company
N.P. Lanitis Ltd
Netymology Ltd.
PHS Hadjizacharias & Co Ltd
PriceWaterhouseCoopers Ltd.
TFI Markets
Thomson Reuters
Job Search Engines
EUC Career Office Facebook Page
Eures Cyprus
Advance Career
Ergodotisi.com
JobinCyprus
KarieraKypros.com
CyprusJobs.com
Quickjobs
CYPRUSRecruiter
ExecutiveConnections
GRS – Global Recruitment Solutions
Ergasia24
MyCVpro.com
Power Image
StaffMatters
WorkForce Cyprus
RMS Recruitment Management Services
Skai Consultancy Ltd
